Cycling to work, the biggest savings for me were being able to drop my car insurance to “pleasure use less than x Km per week” status. The insurance dropped from $800 a year to $150 a year. Then fuel savings also. However there were additional costs like studded snow tires for winter and increased food consumption.

I switched from transit to cycling, which saves me around $100 a month on the monthly pass we have here in Stockholm. A bit less so since I still occasionally ride transit and those trips now cost around $4 a ride instead of having a marginal cost of 0.

I’m sure I manage to spend similar amounts buying upgrades and gear for my bike so far, but I also save some time for each trip I make since biking is generally faster from where I live. I also get copious amounts of exercise, so I’m still getting out way ahead

I don’t have driving license but I did the calculation.

Tldr: repair + depreciation cost per year are equal to cheapest car leasing per month.

So I have more expensive bike in the range of 2000€ (including rack, panniers and some other stuff). On the second hand market similar bikes go for 1400€ (even older ones in this category), I count depreciation for 10 years so 60€/year (beat this with car).

Repairs/maintenance is around 100-200€ for me but I easily ride 10 000 km/year on it in every condition and surface.

I basically save for new bike per year even with public transport tickets counted in.

I switched in the other direction (cycling + public transit -> car) and have spending some 2600€ on fuel, insurance and other car related stuff, yearly (vs 900€ for public transit fares)

That made sense for me because the reduced commute time (3hrs daily -> ~1h20) allowed me to pick up a part time job teaching at the university I study at (+5000€/yr).

4039.66€ / year

I didn’t switch but I know the cost of owning my truck